If Ryan’s Plan Passed

Aug 21 2012 @ 3:59pm

Romney would get a massive tax cut:

Matthew O'Brien of The Atlantic calculated last week that under Ryan's proposals Romney would have paid not 13.9 percent but .82 percent, or just $177,000 or so on $21 million earned. In fairness, I should note that the Ryan proposal isn't the same thing as the Romney proposal–the Ryan plan eliminates all taxes on capital gains (the main source of Romney's income), while Romney's position is to continue to tax rich peoples' capital gains, albeit at a lower rate than presently. So Romney under Romney's plan would pay more, but less than 13.9.